Topbuild Corp (BLD)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 614,254 | 555,989 | 324,016 | 247,023 | 190,995 |
| Revenue | US$ in thousands | 5,121,100 | 4,950,980 | 3,442,500 | 2,686,160 | 2,585,470 |
| Net profit margin | 11.99% | 11.23% | 9.41% | 9.20% | 7.39% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $614,254K ÷ $5,121,100K
= 11.99%
TopBuild Corp's net profit margin has shown a positive trend over the past five years, increasing from 7.28% in 2019 to 11.82% in 2023. This indicates that the company has become more efficient in converting its revenue into profit over time. The steady improvement in net profit margin suggests that TopBuild Corp has been effectively managing its expenses and operational costs while maintaining or growing its revenue streams. The consistent growth in net profit margin reflects the company's ability to generate more earnings from its operations, which is a positive sign for investors and stakeholders. Overall, the increasing trend in net profit margin demonstrates TopBuild Corp's profitability and operational efficiency over the years.